This is a good indicator to see a possible future price.
There is a lot of support for BITFINEX:BCHUSD KRAKEN:BCHUSD that many might not see. I can tell you now that my honest opinion is that we will see $450 and higher in the coming 1-4 weeks.
This is the place to start accumulating small bits as the price goes down. Also, pay close attention to the BTC value. BITFINEX:BCHBTC KRAKEN:BCHXBT
This is of course very risky, so please use good money management and some patience.
Shorting, or margin trading is a very bad idea here IMHO .
A bottom? that is impossible for anyone to tell at this time.
I started buying at $303 on Kraken and will continue buying every 10%-15% drop from here.